At December 31, 2022, Culver Corporation reported the following plant assets. Land $ 3,798,000 11,592,950 Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets $26,690,000 15,097,050 50,640,000 6,330,000 44,310,000 $59,700,950 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,785,200. May 1 Sold equipment that cost $759,600 when purchased on January 1, 2016. The equipment was sold for $215,220. June 1 Sold land for $2,025,600. The land cost $1,266,000. July 1 Purchased equipment for $1,392,600. Dec. 31 Retired equipment that cost $886,200 when purchased on December 31, 2013. No salvage value was received. Journalize the transactions. Culver uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit April 1 May 1 June 1 July 1 Dec. 31 (To record depreciation on equipment sold) (To record depreciation on equipment retired) Account Titles and Explanation Debit Credit Date Dec. 31 (To record depreciation on buildings.) Dec. 31 (To record depreciation on equipment.) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the plant assets section of Culver's balance sheet at December 31, 2023. (Hint: You may wish to set up T accounts, post be CULVER CORPORATION Partial Balance Sheet